LIVE Scalping Session of a Price Action Trader | S&P 500 Eminis

Live trading of S&P 500 ES futures using price action.

The number 1 mistake traders make is they force trades without proper setup development. High probability setups take time to develop and as traders our goal is to master the art of patience. I didn't manage to remain patient throughout the entire day and forced a trade myself. Hopefully this will help you to learn from my mistake. If you keep your composure you can make the trade back quickly on another high probability setup.

Price action describes the characteristics of a security’s price movements. This movement is quite often analyzed with respect to price changes in the recent past. In simple terms, price action is a trading technique that allows a trader to read the market and make subjective trading decisions based on the recent and actual price movements, rather than relying solely on technical indicators.

The only people who know where the market is heading are institutions. They are the ones who make the market move and our job as a retail traders is to follow their footsteps and get the piece of their movement. As a priceaction traders we need to find the most profitable ways to enter trades. The highest probability setups are 2nd entries at the key entry points.


Date November 17 2021

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